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Earnings

Toyota's third-quarter operating profit rises 0.4 percent

Key Points
  • Japan's largest automaker posted a profit of 676.1 billion yen ($6.16 billion) for the October to December period, from 673.64 billion yen in the same period a year earlier.
  • Continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market.

A Toyota Motor worker at the production line in the company's Motomachi plant in Toyota City, Aichi, Japan, on July 26, 2018.
Shiho Fukada | Bloomberg | Getty Images

Toyota Motor on Wednesday reported a 0.4 percent rise in third-quarter operating profit as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market.

Japan's largest automaker posted a profit of 676.1 billion yen ($6.16 billion) for the October to December period, from 673.64 billion yen in the same period a year earlier.

The result compared with the 680.84 billion yen median of 10 analyst estimates compiled by Refinitiv.

Toyota cut its full-year net profit forecast to 1.87 trillion yen from a previous forecast for 2.3 trillion yen. It left its full-year operating profit forecast unchanged at 2.4 trillion yen.